Use the following information to do a horizontal analysis of rae company's income statement for the current year and prior year current year prior year $387,000$300.000 $68,000 $102.600$76.,800 $17.160 dollar change %change cost of goods sold $44,000 gross profift $22,000 net income what is the percentage change in cost of goods sold? oa. 54.55%. ob, 29% 77.52% c. od, 35.29%

B, 29%

Explanation:

Dollar change in cost of goods sold = Current year cost of goods sold - Prior year cost of goods sold

Dollar change in costs of goods sold = $387,000 - $300,000 = $87,000

Percentage change in cost of goods sold = Dollar change in cost of goods sold / Prior year cost of goods sold

Percentage change in cost of goods sold = $87,000 / $300,000 = 0.29

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.